News / Archive
Stories from the past month. Subscribers see every story as it happens, and the full history.
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DescriptionNews
Banks are facing potential interest rate hikes from the Bank of England, which could impact their profits. Additionally, the Budget has not significantly affected them, but political and regulatory risks remain. The next major test for banks is expected on Thursday.
Update
UK banks' returns on equity are estimated at 9% to 14% by Edelsten, who considers this lower than their own measure. Third-quarter return on tangible equity at Barclays, Lloyds, and NatWest were 11.7%, 17.9%, and 21.6% respectively. Edelsten prefers emerging markets where governments protect banks, and his fund owns China's ICBC at half its book value.
Update
The UK government's tax surcharge on major banks, expected to raise £1.5 billion, is projected to reduce 2027 earnings by about 4% at Lloyds and NatWest, and 1% at Barclays and HSBC. However, the time limit for the higher rate is uncertain, with the Trades Union Congress urging the government to consider extending and raising the surcharge if profits remain high.
All Time High
The price of SOON token in USDT has reached an all-time high of 0.2633 USDT, up 2.5% from the previous day's closing price of 0.2588 USDT.
Hacking News
South Korea's president, Lee Jae Myung, has called for a government-wide agency to address cyberattacks following a $6.3 billion Binance hack, raising security concerns in financial institutions and critical infrastructure.
News
Bitcoin saw gains of 23%, 45%, and 93% in the year following the last three US midterms. Prediction markets give Democrats a 93.6% to 95% chance of winning the House and 76% for the Senate. Crypto-backed groups have spent over $176 million on the 2026 midterms, making the industry one of the biggest corporate spenders in federal races. The CLARITY Act is still stalled in the Senate, potentially shaping the next chapter of US crypto regulation.
News
A crime ring in Russia kidnapped and tortured a 22-year-old programmer to obtain access to his crypto wallets. The group stole nearly 10.4 Bitcoin, worth approximately $1 million, along with other valuables. The suspects were detained by Russian authorities, who are investigating the case for kidnapping and high-value robbery.
Update
Arbitrum's price has stabilized around $0.163 following a recent rally. Traders are monitoring the area for further price movements, with support near $0.163 and resistance at $0.164. The token's price has risen 1.65% over the past 24 hours, reaching a high of $0.165 before retreating.
Update
10x Research founder Markus Thielen, in a Cointelegraph episode, discusses how Wall Street traders and profit-taking whales have impacted Bitcoin's price surges. Thielen notes that institutional traders selling call options after rallies have made consecutive double-digit price surges less common. He estimates that market makers account for up to half of the $60 billion in net spot Bitcoin ETF inflows he analyzed, which do not necessarily represent a bet on Bitcoin's price rise. Thielen expects Bitcoin to rise quickly on news and then spend time crab walking across the chart before the next big macro event. He still forecasts Bitcoin reaching $90,000 by year-end, with a potential drop into the mid-to-high $70,000s first.
Update
BitGo announced a Bitcoin staking offering in partnership with Stacks for eligible institutional clients of BitGo Bank & Trust. The service allows clients to stake BTC directly from their existing custody accounts and receive BTC rewards. Staked Bitcoin remains on the Bitcoin network in qualified custody and is not lent, bridged, or wrapped. The rollout is presented as a step toward broader institutional adoption of Bitcoin staking. The announcement was shared via BitGo’s official channels.
News
Bhutan’s Gelephu Central Bank has received approval to invest in cryptocurrencies alongside its traditional reserves. The approval comes under a new royal central banking mandate that permits the bank to allocate crypto assets as part of its reserve holdings. No further details on the amount or specific cryptocurrencies were provided. The announcement was shared by a crypto news source.
Update
Exolix has been added to the GlobalSwap platform, a cryptocurrency swap comparison tool. This partnership allows users to compare crypto swap quotes and choose Exolix for transactions across supported networks. Exolix integrates with GlobalSwap's quote comparison tools, providing users with another interface to use Exolix for cross-chain exchange solutions.
Update
Hong Kong’s monetary authority has extended the 24/7 interbank cash settlement for tokenized fund deals to 12 participating banks and 20 industry pioneers. The upgrade covers 12 banks and 20 industry pioneers, allowing them to settle tokenized deposit transactions in central bank money beyond conventional hours, supporting corporate treasury and fund activity. The announcement was made by the Hong Kong Monetary Authority on November 2.
News
A balance sheet is a financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time. It provides a snapshot of the business's financial position, detailing what the company owns and owes, and the residual interest of shareholders.
Hacking News
European authorities have dismantled a key infrastructure behind an international investment fraud network targeting victims across more than 50 countries. The operation involved seven countries and resulted in over 100 server seizures and seven arrests. Investigators estimate that victims lost more than €4 million through the scheme.
Update
Swapzone has made its crypto swap process easier for users, even those without technical expertise. The platform offers a simple interface for users to find and execute swaps, with options to compare prices, speeds, and partner reliability. Users can enter their receiving wallet address and send funds to the provided deposit address, receiving real-time updates on the transaction status. Swapzone aims to provide a smoother and faster crypto swap experience for newbies.
Update
Binance has replenished 98% of the impacted assets and frozen $2.85B in stolen funds from a security incident. They have also rebuilt affected wallet systems, enhanced AI-based anomaly detection, and strengthened wallet-service risk controls.
New Web Product
Sei Network has introduced the Giga Manifesto, a new product designed to facilitate tokenization in the onchain market. Giga, Sei's flagship product, aims to win the tokenization race as traditional markets move online.
Company Update
Binance announced that withdrawal delays could enable fraudsters to solicit payments, warning of a second wave of theft. The exchange has restored about 95% of assets and completed a reserve proof for ten tokens as of the October 31 snapshot, but the proof does not confirm current balances. Binance also noted its futures rules allow auto‑deleveraging of profitable hedges. Meanwhile, Tether froze over $4.5 million USDT linked to the Mercado Bitcoin breach, where roughly $46 million was traced to the attacker. Binance expects a new reserve snapshot by November 4.
Event
Digital asset investors including Anthony Scaramucci, Jan van Eck, Mike Novogratz, and Adam Back will meet in New York on November 13 at the DAFNY conference. The event brings together asset managers, market infrastructure, DeFi, insurance, and the New York financial services regulator. Secure your place at the conference at the provided link.
Event
Michelle Neal, Group CEO at Fnality, Jim Ferraioli, Head of Crypto Research at Charles Schwab, Kinjal Shah, General Partner at Blockchain Capital, and Thierry Adant, CIO at Newmarket Capital & Battery Finance, will discuss the roadmap for institutional engagement with digital assets at the DAF New York conference on November 13. The panel will be moderated by Heather Goldman, Board Member at Global Digital Finance.
News
Bitcoin fell 8.25% over October 21-30, while 10-year US real yields dropped 16 basis points. Bitfinex attributed the decline to weaker tech shares and subdued spot demand, despite potential support from falling yields. The article also mentions the impact of the Binance security breach and the Nasdaq-100's decline of 4.82% during the same period.
Update
CryptoQuant CEO Ki Young Ju suggests that the US midterm elections may provide a clearer short-term direction for Bitcoin, which has dropped below $77,000. He notes that ETF outflows and tech stock weakness have contributed to the recent downturn, but that heavy selling from early investors and miners has subsided. The Guppy Multiple Moving Average (GMMA) has also turned bearish, and institutional demand for Bitcoin ETFs has not yet turned into buying pressure. Despite these factors, past price history gives reason for optimism, according to Ju.
Update
South Korea's Financial Services Commission is considering raising the cold wallet storage requirement to 99% after the $6.3B Binance hack. An industry official stated that expanding the ratio alone cannot serve as a fundamental measure to prevent hacking.
News
France has postponed its 2027 budget vote for the second time due to lawmakers' struggles to agree on revenue measures. The National Assembly will continue examining proposals on Tuesday, with 758 amendments still awaiting review. The delay adds pressure on the government as it pursues €43 billion in savings and aims to reduce the public deficit to 5% of GDP. However, rising fuel prices and protests over living costs have further complicated fiscal plans.
Hacking News
Hyperliquid's native token (HYPE) gained nearly 10% over the past week despite the $6.3 billion Binance hack, but analysts warn of a potential 22% correction if it drops below key support levels. A head-and-shoulders pattern on the 12-hour chart suggests a possible decline to a 10-week low of $59 if HYPE fails to maintain support between $76-$78. Positive exchange netflows for HYPE indicate increased selling pressure, as more tokens are being moved to centralized platforms following the Binance incident, which has led to significant outflows from the exchange.
News
Ripple minted $110.57 million in RLUSD on the XRP Ledger in a single transaction on Nov 2. The mint, recorded at 20:43 UTC, is among the largest single mints on the network. At the time of reporting RLUSD traded at $1.00 with a market cap of $2.546 billion, about one‑third of which is on XRPL. Hours later Binance began reopening XRP withdrawals and other asset withdrawals after its security breach. Binance also resumed Ethereum withdrawals for several stablecoins, and the restoration is important for XRP holders affected by the hack.
Company Update
Blockworks announced that its Market Data Connect Platform (MCP) is now available to all users, offering $100 worth of credits (10,000 credits) for new accounts. Users can connect the MCP to AI tools like Claude, ChatGPT, or Cursor, and query data such as Solana revenue or stablecoin growth. Credits expire after 30 days.
Update
KenomicAI has launched a testnet platform on Arbitrum, including support for Arbitrum, Solana, Cardano, and Stellar. The platform aims to simulate and validate token economics before deployment, addressing weaknesses in supply design, vesting, incentives, and treasury policy. The company is part of the Cointelegraph Accelerator portfolio and is moving toward a multichain mainnet.
Update
Genesis ciphernode rewards have been distributed, with 7.2 million FOLD already allocated. The final epoch, distributing 4.8 million FOLD, is currently underway. Interested operators can still participate by running a ciphernode, exploring the rewards tracker, and sharing the announcement on social media.